IFRS Course Materials For the ClassroomInformation to educate |
Publish date:
.jpg)
To accelerate the integration of International Financial Reporting Standards (IFRS) into school curriculums, the IFRS University Consortium is pleased to provide Consortium members access to these IFRS course materials. Professors may use these lecture presentations, notes and case studies in their classrooms. Note: These materials are password protected for IFRS University members only. To join the Consortium, please e-mail your contact information to USDeloitteIFRSUniversityConsortium@deloitte.com
- Deloitte’s IFRS Overview presentation
- IFRS lecture series, includes powerpoint presentations and complementary lecture notes:
- Session 1: Introduction, first-time adoption and financial presentation
- Session 2: Revenue, inventory and income tax
- Session 3: Business combinations, discontinued operations and foreign currency
- Session 4: Intangibles and leases
- Session 5: Property and asset impairment
- Session 6: Provisions, pensions and share-based payments
- Session 7: Financial instruments
- Session 8: Consolidation, joint ventures and associates presentation
- Session 9: Convergence and Standard Setting Activities
Case Studies
The case studies provided are derived from real company financial statements. There are seven company case studies from different industries and are referred to as the: Automotive Group, Bank Group, Cement Group, Industrial Group, Pharma Group, Spirits Group, and Telecom Group. Use the case studies to provide students with an opportunity to identify potential U.S. Generally Accepted Accounting Principles (GAAP) differences. For each session, we have provided the actual GAAP reconciliations for each of those company’s financial statements. As a “teacher’s aid” to help professors, we have also extracted the relevant notes for each session.
Below are the full company financial statements and the actual U.S. GAAP reconciliations for each company:
Suggested use: In the first week, organize students into groups and assign each group a company. Students would then have their assigned company for the remaining sessions. After the lecture on a topic, students can be asked to perform the following: Review the financial statement for their assigned company and then present the company policy under IFRS and propose areas where there might potentially be a difference with U.S. GAAP.
- To assist professors in focusing on the relevant topical areas for each session, the relevant excerpts of the financial statements and footnotes are provided here.
- Session 1: Introduction, first-time adoption and financial presentation
- Session 2: Revenue, inventory and income tax
- Session 3: Business combinations, discontinued operations and foreign currency
- Session 4: Intangibles and leases
- Session 5: Property and asset impairment
- Session 6: Provisions, pensions and share-based payments
- Session 7: Financial instruments
- Session 8: Consolidation, joint ventures and associates presentation
Related Content:
Overview: The Deloitte Foundation
Overview: International Financial Reporting Standards
As used in this document, ‘Deloitte’ means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Last updated